It appears that PLUS Expressway’s holding out against the recent widespread toll rate increases may only be short-lived, as the highway concessionnaire has been allowed to raise prices by as much as 5% next year under the revised agreement terms, according to The Star.
What’s more, deputy works minister Datuk Rosnah Rashid Shirlin told the parliament that PLUS will be allowed to increase charges at that rate every three years, until the end of the extended concession period in 2038. These new terms, however, did not include the Penang Bridge, also managed by PLUS, she added.
“However, the government will have a right to study PLUS’ application to increase toll rates after considering the Consumer Price Index and certified traffic volume audit,” she said. “This means that there will not be an automatic toll hike.”
Rosnah added that PLUS’ post-tax profit amounted to just RM8.4 million out of a total of RM2.16 billion in toll revenue collection last year, based on the 506 million vehicles using eight PLUS-managed highways in 2014. Around half of its collection was used to repay loans, while the rest was classified under operating and maintenance costs (20-25%), upgrading works (15%) and returns to shareholders (10%).
Additionally, Rosnah said that PLUS was to review its toll rates this year under a 2011 agreement, which permitted a 10% hike every three years based on a calculation of 13.96 sen per kilometre.
Works minister Datuk Seri Fadillah Yusof previously informed the parliament that some RM214 million has been set aside to compensate PLUS under Budget 2016, as part of measures taken to ensure that toll rates were not raised to the maximum by highway operators.
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Exponential factor :-/
Sarawak free from tolls… Peninsular Malaysia continues “pay tolls until 2038” !!!. BN Government double standard??? Deputy says no double standard on Malaysia… those who believe him keep being fools for your life !!!
Kerajaan anda, hukum anda puas puas. Masih lagi nak undi BN ke?
Ingat, musuh anda bukan kaum lain, tetapi kerajaan anda sendiri.
Tahun ini, kerajaan Malaysia akan untung tax paling tinggi sejarah Malaysia 50 tahun.
Dari GST sahaja, Kerajaan sudah pungut RM50 billion dalam 6 bulan. Itu GST sahaja. Belum kira income tax, corporate tax, eksais and duty, investments by EPF, Khazanah, PNB etc etc.
Tahun ini, kerajaan Malaysia akan untung beratus billion lebih berbanding tahun sebelum ini.
Tapi, kerajaan masih nak hantam orang bangsa dia sendiri!
Why is toll getting higher and higher? Very simple. It is because of Songlapping.
One man can songlap RM2.6 billion is just one news we know. What about the other times he songlap that we don’t know about? I think it runs to hundreds of billions.
Taib songlap US$20 billion (RM84 billion) also nothing happen to him. Infact he was rewarded for his songlap and made Governor and given a Tunship.
What about the songlaps by the other Menteri and Government officials?
It all runs to hundreds of billions per annum the Songlap.
This is why we get higher tolls every year. Our guardians are more interested in Songlap than fighting for the rakyat to get lower tolls and abolish the unfair contracts the concessionaires have.
Come over and drive from kuching to kota kinabalu. Experience it urself b4 u start complaining about tolls.
Go read news… don’t just read Utusan kampung boy !
Pay a bit only mah. Come over and stay in Klang Valley-lah and see how much toll you got to pay daily.
Thats the way to gooooo. With the straightening of the ringgit, the rakyat shouldnt be burdened with such small toll hike. KUDOS to the ruling coalition. Hope the Rakyat that has been supporting you all along will continue their support for many more years to come. Hidup Hidup!!!
Each and every toll company is owned by UMNO through various GLCs and EPF, Khazanak, PNB, Ministry of Finance etc
So, every single toll concessionaire is actually the Government. If the Government cared for the rakyat, they won’t do this to the rakyat.
Malaysia is the only country in the world where 1KM of highway cost over RM100 million per KM to build (house and land acquisition is separate and makes the figure even higher)
This is despite we using super cheap Bangladeshi labour to build road.
The Concessionaire (the Government) lie that they have coughed out so much so they need over RM100 million compensation PER KM plus 50 year toll contract that can increase every few years.
Please lah Government of Malaysia, pls don’t cheat the rakyat even more
sultan Johor going to annouce Johor zone plus highway remain rate unchange, COme on Iskandar King, show me your gut to challenge BN. No more E-smoke in JB,LOL.
revenue in billions but profit not even 10 million.
And you want us to believe this??? hmmm…headache..
Our expenses are very high, especially in the donation category. It is considered very good that we still can make profits.
Couldnt agree more with u. Theres many way to divert profits so that when it declares to Gomen, it seems lower. Unfortunately, either our ministers are stupid or conspired with them to cheat us..both ways, we lost in the end.
As my comment earlier, stop the cronies BN madness monopolies the industry… Rakyat improve and Time to change !
No cronies in PLUS anymore. 51% owned by MOF & 49% by EPF. Tolls are for upkeep & upgrade of the highway.
Yeah right..
The company who provide cleaning service, plus hilux maintenance, repair works etc is politic linked company.
This john never learn… he read Utusan too much and never went out read global news.
Well done stupid voters of ruling party. Next time when they promise you anything, better bet your life on it because when they break it, you guys can go die with it.
Dont be so confident..any political parties ruling, when involved with money & power, all will be the same.. ruling party or pembangkang, will not be so different. Do you really believe what politician said?
In fact, cronies will survive for next 30 years but rakyat will always suffer for the next coming years if BN still alive.
Mana pergi duit cukai-cukai yg kami bayar? Income tax GST Excise duty SST dll?
No wonder they go for cashless, every cent increase counted!
Try to improve ur ets frequency la. You think everyone wants to drive ah if we have the choice. Really think m plan properly la. Once u hv improved, who cares how much u increase on plus toll
Hidop gomen Yahudi 13x!!!
Ramai yg sokong katenye…
8.4 mil profit not enough? What is the highway user get … every weekend traffic jam 6-7 hours from PP to KL … same JB to KL … What PLUS do, add lane! but still jam … Do PLUS study the best solution … I dont think so.
Wait a minute, the shareholders already get an automatic 10% of revenue… That’s already RM216 million. Not bad I would say. So it’s very hard to pity the low RM8.4 million profit.
This is one gigantic blood sucking vampire.
Gov want people to pay expensive toll rate but then need us to vote BN in next GE? what type of joke is this?
I think they know they will lose next GE..thats why collect everything while they can..
Gaji increament saya pun takde 5% every year.
Apa ini BN govt???!!!!
More like Rakyat di kerjakan setiap hari, setiap bulan setiap tahun.
The BN voters must be feeling the hardness in the butt, for being screwed daily….
Wat a load of rubbish…PJ to ipoh always teribble jam every holiday and even worse if major accidents along the highway..twice i took7-9 hours from PJ to north of ipoh… many stretches of PlUs highway NO Streetlights….and the steel road divider are killers impaling many drivers not once but many many times if u read Metro Harian news (most English pPers no pictures of accidents)..iexcuse by PLuS its too expensive to replace.. give PLUS a MINUS
Nice..give PLUS a MINUS..no wonder rate keeps increasing..nama pun PLUS kan..thumbs up to you sir
Toll still very cheap, must raise more! We as malaysian must help donate more cash to goverment since national debt so high. Berkhidmat untuk Negara!!!
Very smart of them. While we can avoid using some tolls in KL and Selangor there is no way to avoid using PLUS if you want to go north or south unless u want to take the uber long trunk roads.
prepare to pay more to get into the jammed… thanks ya
Did anyone say that it will be toll free after 2038? As far as I know, the PLUS highway will be “given” back to the federal govt at the end of the toll concession in 2038. That means that the govt will own the highway after that. But the govt can still continue to collect toll, right?
In fact, cronies will survive for the next 40years but the rakyat will suffer for the next 40years..WHY?? Because BN still alive.
Cronies will still be alive 1000years later. Why? Cuz PR oso have their own cronies…
konsesi tol sampai mampos…hahahaha
3 letters…
OMG!!!!